Over the past decade, the Gulf Cooperation Council (GCC) petrochemical sector has quietly undergone a transformative evolution, blending environmental stewardship with economic savvy. Led by the forward-thinking Gulf Petrochemicals and Chemicals Association (GPCA), the industry has demonstrated that sustainability and growth can go hand in hand, if guided by strategic vision. Between 2013 and 2023, […]
Abu Dhabi’s ADNOC has sealed a landmark 15-year Sales and Purchase Agreement with Indian Oil Corporation Ltd (IndianOil), committing to supply one million tonnes per annum of liquefied natural gas from its lower-carbon Ruwais LNG project. The deal, which builds on an earlier Heads of Agreement, marks a significant expansion of ADNOC’s footprint in Asia’s […]
Europe’s polyethylene terephthalate (PET) market has seen its summer uptrend lose momentum, with sellers now facing mounting pressure as expectations for September weaken. After several weeks of firmer pricing supported by seasonal beverage demand and constrained imports, the market has shifted, revealing signs of fragility that could usher in a softer outlook for the autumn […]
Türkiye’s SASA Polyester announced sweeping details of its $25 billion petrochemical investment in Yumurtalık, positioning the project as one of the largest industrial undertakings in the country’s history. The multi-phase complex, unveiled this week, is designed to dramatically reduce Türkiye’s reliance on imported petrochemicals while propelling SASA into the ranks of global-scale producers. The project, […]
PetroChina, Asia’s largest oil and gas producer, reported a sharp decline in first-half profit as weaker crude prices and a sluggish domestic recovery eroded margins across its upstream and downstream segments. The state-owned giant posted a net income of CNY 68.3 billion ($9.4 billion) for January to June 2025, down nearly 10 percent compared with […]
In a strategic move that signals mounting supply constraints, a leading Saudi Arabian petrochemical supplier has raised its September offers for LDPE and LLDPE film destined for China. The adjustments, driven by tighter Middle Eastern allocations, hint at a shifting balance in the global polyolefin supply landscape. While detailed pricing figures were not publicly disclosed, […]
On Monday, ethylene prices in the United States declined as deals were concluded at lower levels, reflecting a softer sentiment in the petrochemical chain. Ethylene was assessed at 21.50–22.00 cents/lb FD US Gulf, down by 0.50 cents/lb compared to last Friday. In contrast, Asia recorded firmer sentiment, with ethylene prices assessed at USD 835–845/mt CFR […]
A Saudi Arabian producer has reportedly announced its offer for metallocene linear low-density polyethylene (mLLDPE) EXCEED grade to Vietnam, according to market sources. A Polymerduniya contact in Vietnam stated that the offer has been heard at USD 1000/mt, on a cost and freight (CFR) basis to Ho Chi Minh port, for shipment in September 2025. […]
A Polymerduniya source in China has shared that a Saudi Arabian producer is reportedly offering Linear Low-Density Polyethylene (LLDPE) in the highly specialized film grade for wire and cable applications at approximately USD 950 per metric ton on a CFR basis into China’s main ports, targeting September 2025 shipments. This offer arrives at a pivotal […]
This week, recycled polymer prices across the Middle Eastern region remained stable, supported by consistent buying interest from converters and steady availability in most markets. Traders noted that comfortable inventory levels and moderate collection activity kept supply in balance, while downstream demand in certain sectors stayed soft. The absence of major disruptions, combined with cautious […]
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